Working Papers
Working Paper No. 1481
Paying with Personal Data
We study commercialization of personal data through personalized advertising by a content platform. Content consumption generates productive data about consumer preferences. The firm invests in artifi…
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Working Paper No. 1467
Wind Power and the Cost of Local Compensation Schemes: A Swedish Revenue Sharing Policy Simulation
Local resistance towards wind power is a central challenge for the energy transition, implying that legally imposed compensation schemes for nearby residents may become prevalent in the near future. I…
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Working Paper No. 1464
Wind Power Approval, Decentralization, and NIMBYism: Evidence from the Swedish Greens
Green parties are commonly seen as strong proponents of wind power. This paper presents an alternative view, examining data from the highly decentralized institutional setup in Sweden where approval o…
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Working Paper No. 1460
Multi-Unit Auctions with Uncertain Supply and Single-Unit Demand
We study multi-unit auctions where bidders have single-unit demand and asymmetric information. For symmetric equilibria, we identify circumstances where uniform-pricing is better for the auctioneer th…
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Working Paper No. 1450
Investment Treaty Reforms to Prevent Developing Country Regulatory Chill from Causing Global Warming
Developing countries have 1300+ investment treaties with developed countries. Investment treaties are often alleged to constrain developing country climate policies. This paper examines four treaty re…
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Working Paper No. 1446
Consistent Subsets: Computing the Houtman-Maks Index in Stata
The Houtman-Maks index is a measure of the size of a violation of utility maximizing (i.e., rational) behavior. This note introduces the Stata command hmindex, which calculates the Houtman-Maks index…
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Working Paper No. 1430
Nonparametric Analysis of the Mixed-Demand Model
The mixed-demand model allows for very flexible specification of what should be considered endogenous and exogenous in demand system estimation. This paper introduces a revealed preference framework t…
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Working Paper No. 1412
Geographic Price Granularity and Investments in Wind Power: Evidence from a Swedish Electricity Market Splitting Reform
I evaluate the effect of the 2011 Swedish electricity market splitting reform on the allocation of wind power, exploiting a unique data set of all Swedish applications for wind power since 2003. By co…
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Working Paper No. 1390
Contracting with Endogenously Incomplete Commitment: Escape Clauses
We study mechanism design under endogenously incomplete commitment as it arises in contracting with escape clauses. An escape clause permits the agent to end a contractual relationship under specified…
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Working Paper No. 1387
Strategic Reserves versus Market-Wide Capacity Mechanisms
Many electricity markets use capacity mechanisms to support generation owners. Capacity payments can mitigate imperfections associated with “missing money” in the spot market and solve transitory capa…
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Working Paper No. 1383
Sweden's Energy Investment Challenge
Sweden faces a major challenge in the next decades because of a projected increase in electricity demand, aging supply infrastructure and the transition to an energy system with a substantial share of…
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Working Paper No. 1351
Competition for Flexible Distribution Resources in a ’Smart’ Electricity Distribution Network
In a ’smart’ electricity distribution network, flexible distribution resources (FDRs) can be coordinated to improve efficiency. But coordination enables whoever controls such resources to exercise mar…
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Working Paper No. 1332
Gender and Climate Action
It is well-known that men and women differ in their views regarding the severity of climate change, but do they also differ in their support for climate policy and in undertaking climate action in the…
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Working Paper No. 1310
Locational Marginal Network Tariffs for Intermittent Renewable Generation
The variability of solar and wind generation increases transmission network operating costs associated with maintaining system stability. These ancillary services costs are likely to increase as a sha…
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Working Paper No. 1278
Redispatch in Zonal Pricing Electricity Markets
Zonal pricing electricity markets operate sequentially. First, the suppliers compete in a spot market. Second, to alleviate the congestion in the transmission line, in a redispatch market, the supplie…
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Working Paper No. 1264
Production Efficiency of Nodal and Zonal Pricing in Imperfectly Competitive Electricity Markets
Electricity markets employ different congestion management methods to handle the limited transmission capacity of the power system. This paper compares production efficiency and other aspects of nodal…
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Working Paper No. 1257
Central- versus Self-Dispatch in Electricity Markets
In centralized markets, producers submit detailed cost data to the day-ahead market, and the market operator decides how much should be produced in each plant. This differs from decentralized markets…
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Working Paper No. 1254
Increase-Decrease Game under Imperfect Competition in Two-stage Zonal Power Markets – Part II: Solution Algorithm
In part I of this paper, we proposed a Mixed-Integer Linear Program (MILP) to analyze imperfect competition of oligopoly producers in two-stage zonal power markets. In part II of this paper, we propos…
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Working Paper No. 1253
Increase-Decrease Game under Imperfect Competition in Two-stage Zonal Power Markets – Part I: Concept Analysis
This paper is part I of a two-part paper. It proposes a two-stage game to analyze imperfect competition of producers in zonal power markets with a day-ahead and a real-time market. We consider strateg…
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Working Paper No. 1184
The Competitive Effects of Linking Electricity Markets Across Space and Time
We show that a common regulatory mandate in electricity markets that use location-based pricing that requires all customers to purchase their wholesale electricity at the same quantity-weighted averag…
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Working Paper No. 1158
Production or Transmission Investments? A Comparative Analysis
A successful transformation to a carbon neutral energy system requires the correct investments in transmission and production capacity. In a zonal pricing electricity market, the one proposed by the E…
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Working Paper No. 1098
Auction Performance on Wholesale Electricity Markets in the Presence of Transmission Constraints and Transmission Costs
Electricity markets are becoming more integrated around the world. However, the knowledge of the effects of different auction formats on suppliers’ strategies in the presence of transmission constrain…
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Working Paper No. 1064
Private and Public Information on the Nordic Intra-Day Electricity Market
This paper is an empirical investigation of how traders react to public news in a market where there are lots of non-scheduled announcements, often arriving simultaneously. Using detailed trade inform…
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Working Paper No. 889
What Happens When it's Windy in Denmark? An Empirical Analysis of Wind Power on Price Variability in the Nordic Electricity Market
High levels of wind power penetration will tend to affect prices in a deregulated electricity market. Much of the analysis in the literature has focused on the effect that wind power has on average el…
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